Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: MEXC against Hyperliquid−0.122%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.122%, 7d avg −0.095%
=Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.027% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0649 | 0.0100 | pay 0.0013% / 1h | 25m 23s | $262K | $297K | 5x |
| Short | MEXC AXS_USDT | 1.0636 | 0.0100 | get 0.0050% / 4h | 1h 25m | $11.1M | $725K | 50x |
Hyperliquid AXS
MEXC AXS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.122% → −0.095%
- −$2.71
- Slippage, 4 orders
- −$44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$59.72
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 44 min ago; MEXC: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 44 min ago | 2.83 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.94 bp | 4.7 bp −$5 | 28.7 bp −$287 | 53.3 bp −$5,326 | 93.4 bp −$46.7K |
AXS on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0475% | 1h | 1.0656 | +0.069% | $139K | $306K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.667% | $5 | $47K | 5.5x | as long as short |
| OKX AXS-USDT-SWAP | +0.0045% | 4h | 1.0649 | 0.000% | $1.4M | $2.7M | 20x | as long as short |
| Orderly PERP_AXS_USDC | +0.0067% | 4h | 1.0650 | +0.009% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0665 | +0.150% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0649 | long leg | $262K | $297K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0644 | −0.046% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0644 | −0.047% | $6.0M | $9.2M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0644 | −0.047% | $3.2M | $3.6M | 75x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0637 | −0.113% | $957K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
OKX AXS-USDT-SWAP
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDTshort | +0.0100% | 4h | 1.0636 | −0.122% | $11.1M | $725K | 50x | |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0640 | −0.085% | $589K | $297K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | −0.085% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0634 | −0.141% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0631 | −0.167% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0630 | −0.177% | $759K | $862K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0647 | −0.019% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0645 | −0.038% | $679 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0642 | −0.066% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0141% | 4h | 1.0642 | −0.066% | $274K | $17K | 75x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT